China approves £1bn infrastructure plan

The world's second largest economy hopes an infrastructure boost will drive a global economic recovery.

The UK government has been criticised this year for not doing enough when it comes to infrastructure, but it’s a different story in China.

The Chinese government has given the green light to 60 infrastructure projects worth more than more than 1 trillion yuan (£100bn) to help kickstart its economy which is facing its worst slowdown in three years.

The programme is the most ambitious unveiled in China this year and includes plans to build highways, ports and airport runways. The Chinese government hopes it will boost the domestic economy in the final quarter of 2012 and will also help aid a world-wide economic recovery. Could this give the worldwide economy some relief from the eurozone turmoil?